M&A Deal Summary

First New England Capital, Balance Point Capital Partners, Peachtree Equity Partners, Triangle Capital and Alcentra Capital Acquire Grindmaster-Cecilware

On September 17, 2009, private equity firm First New England Capital, mezzanine finance firm Balance Point Capital Partners, private equity firm Peachtree Equity Partners, private equity firm Triangle Capital and mezzanine finance firm Alcentra Capital acquired machinery company Grindmaster-Cecilware

Acquisition Highlights
  • This is First New England Capital’s 1st, Balance Point Capital Partners’ 1st, Peachtree Equity Partners’ 1st, Triangle Capital’s 1st and Alcentra Capital’s 1st transaction in the Machinery sector.
  • This is First New England Capital’s 3rd, Balance Point Capital Partners’ 2nd, Peachtree Equity Partners’ 9th, Triangle Capital’s 33rd and Alcentra Capital’s 30th transaction in the United States.
  • This is First New England Capital’s 1st, Balance Point Capital Partners’ 1st, Peachtree Equity Partners’ 1st, Triangle Capital’s 1st and Alcentra Capital’s 1st transaction in Kentucky.
Investment Fate
  • Grindmaster-Cecilware was sold to a publicly-traded strategic buyer in 2017 for 108M USD.

M&A Deal Summary
Date 2009-09-17
Target Grindmaster-Cecilware
Sector Machinery
Buyer(s) First New England Capital
Balance Point Capital Partners
Peachtree Equity Partners
Triangle Capital
Alcentra Capital
Deal Type Consolidation

Target

Grindmaster-Cecilware

Louisville, Kentucky, United States
Grindmaster-Cecilware Corp. is a manufacturer of hot, cold and frozen beverage dispensing equipment including coffee machines.

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Buyer(S) 5

Buyer

First New England Capital

West Hartford, Connecticut, United States
Category Private Equity Firm
Founded 1988
PE ASSETS 50M USD
Size Small
Type Sector Agnostic
DESCRIPTION

First New England Capital is a private investment firm that provides equity and mezzanine capital to later-stage, small and middle-market companies operating in the Northeast US. First New England typically invests $2 to $5 million in companies generating $10 to $150 million in annual revenue. First New England can act as the lead investor or participate alongside others. The Firm will consider opportunities across many different sectors. First New England Capital was formed in 1988 and is based in Hartford, Connecticut.

DEAL STATS #
Overall 3 of 6
Sector (Machinery) 1 of 1
Type (Consolidation) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 3 of 6
Year (2009) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-12 Ranger International Services Group

Greenville, South Carolina, United States

Ranger International Services Group is an outsourced provider of airfield and logistics services to both the U.S. Armed Forces and commercial companies within the aerospace and defense industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-17 Awareness Technologies

Westport, Connecticut, United States

Awareness Technologies provides endpoint security solutions for both home and business. ATI both develops and acquires market-leading solutions trusted by millions of parents and thousands of businesses. Awareness Technologies was founded in 2002 and is based in Westport, Connecticut.

Buy -
Buyer

Balance Point Capital Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 1.7B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balance Point Capital Advisors is a provider of equity and debt capital to middle-market US-based companies. The Firm looks to invest $5 to $30 million in companies generating $10 $150 million in revenue. The Firm invest in the range of $15 to $75 million with and enterprise value of $10 to $150 million. Funds are used to support a variety of needs, including private equity sponsored buyouts, strategic acquisitions, refinancing's, management buyouts, leveraged recapitalizations, and growth capital financing needs. Balance Point Capital is based in Westport, Connecticut.

DEAL STATS #
Overall 2 of 46
Sector (Machinery) 1 of 1
Type (Consolidation) 1 of 2
State (Kentucky) 1 of 1
Country (United States) 2 of 44
Year (2009) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-12 Ranger International Services Group

Greenville, South Carolina, United States

Ranger International Services Group is an outsourced provider of airfield and logistics services to both the U.S. Armed Forces and commercial companies within the aerospace and defense industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-18 OnRamp Access

Austin, Texas, United States

OnRamp Access is a provider of Internet operations support and data center services in the Central Texas market. OnRamp Access was founded in 1994 and is based in Austin, Texas.

Buy -
Buyer

Peachtree Equity Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 170M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Peachtree Equity Partners is a Southeast US based private equity firm that provides non-control equity capital to smaller middle market companies. Peachtree allows business owners to retain control of their companies while accessing capital for growth, acquisitions, or shareholder liquidity. Peachtree's target investment size is $3 to $10 million. Sectors of interest include business services, financial services, government contracting, and specialized manufacturing. Peachtree was formed in 2002 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 9 of 15
Sector (Machinery) 1 of 1
Type (Consolidation) 2 of 2
State (Kentucky) 1 of 1
Country (United States) 9 of 15
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-01 Durham Geo-Enterprises

Stone Mountain, Georgia, United States

Durham Geo-Enterprises is a provider of materials testing instrumentation in the construction, geotechnical and geophysical markets. Durham Geo-Enterprises was founded in 1958 and is based in Stone Mountain, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-22 Consumer Financial Services

Shelton, Connecticut, United States

Consumer Financial Services is a provider of secured commercial lenders and original equipment manufacturers nationwide with a variety of highly tailored debtor identification, account negotiation, and collateral recovery services.

Buy -
Buyer

Triangle Capital

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 33 of 114
Sector (Machinery) 1 of 2
Type (Consolidation) 2 of 4
State (Kentucky) 1 of 3
Country (United States) 33 of 112
Year (2009) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-11 AOC Metal Works

Chester, Virginia, United States

AOC Metal Works specializes in the design, development, testing, program management, and production of custom industrial packaging and material handling, metal fabrication, and stamping applications. AOC Metal Works was founded in 1988 and is based in Chester, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-21 Capital Contractors

Melville, New York, United States

Capital Contractors, Inc. is a provider of janitorial and facilities maintenance services in North America. CCI maintains thousands of facilities and has been successfully serving customers for more than 75 years. Capital Contractors was formed in 1932 and is based in Melville, New York.

Buy -
Buyer

Alcentra Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 540M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alcentra Capital Corporation is the direct investment arm of asset management firm Alcentra. Alcentra capital looks to provide equity and subordinated debt to middle-market companies throughout North America. The Firm looks to invest $5 to $15 million per transaction in profitable companies with $5 to $15 million of EBITDA. Sectors of interest include healthcare, government services, business services, and defense. Alcentra Capital Corporation was formerly known as BNY Mellon-Alcentra Mezzanine Partners. The Group was originally established in 1998 and is based in New York City.

DEAL STATS #
Overall 31 of 52
Sector (Machinery) 1 of 1
Type (Consolidation) 2 of 3
State (Kentucky) 1 of 1
Country (United States) 30 of 50
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-10 Caliber

Lewisville, Texas, United States

Caliber is a multi-site operator of auto body collision repair centers in the United States with a nationwide footprint that includes over 1,000 centers. Caliber provides repair solutions that enable its insurance company partners to improve customer satisfaction and drive policyholder retention while also reducing repair costs in the claims process. Caliber was founded in 1997 and is based in Lewisville, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Transamerican Auto Parts

Compton, California, United States

Transamerican Auto Parts is a provider of parts and accessories for off-road vehicles. It offers products in various categories, including tires, wheels, steel products, lighting, winches, jeep accessories, truck accessories, and general accessories. Transamerican Auto Parts is based in Compton, California.

Sell -
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